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JAMB Accounting 2008 Objective — Question 6

Question 6 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2008 Objective paper, with the correct answer and a full explanation.

Bariga, a stock broker bought stationery for 12,000 by cash. To record this transaction, debit

A. cash and credit stationery
B. purchases and credit stationery
C. stationery and credit cashCorrect
D. stationery and credit purchases

Explanation

Dr: Stationery A/c; Cr: Cash A/c.

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